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Under the government's energy efficiency programme, 21 crores LED bulbs were distributed in the country which resulted in saving of Rs 11,000 crore for the consumers, Prime Minister Narendra Modi said in Lok Sabha today.

Though the government plans to merge state-run oil company to create a behemoth t o take on competition from overseas integrated players, gas major GAIL (India) — which comes under the ambit of the proposal — may remain a separate vertical even in a merged entity

The chairman of the country’s largest oil marketing firm believes that the government's Budget proposal to merge all state-owned energy firms into a consolidated giant will help them enhance their position in the international market.

The proposed merger of the state- controlled oil companies, both upstream and downstream, can reduce inefficiencies and improve competitiveness but will be an execution challenge apart from being not so good for consumers and competition, says a report

The Budget may have allotted Rs 150 crore for the development of Chabahar port in Iran, but it may not be enough to bring the long delayed project back to life as Tehran has not yet submitted a proposal for release of the fund despite several reminders, some officials say

The Narendra Modi government has given a green signal for the laying of a 240km broad-gauge railway line connecting two major population centres in Andaman and Nicobar Islands. This is part of a major infrastructure push for the islands.

Tejas Express, one of the most awaited promises of Railway Budget 2016, is all set to start plying on the Surat-Mumbai route in the next financial year. Railway Minister Suresh Prabhu, on a recent visit to Surat, announced that Tejas Express

Larsen & Toubro Ltd. Executive Chairman AM Naik is confident that the engineering and construction giant will meet its 10 percent growth forecast this fiscal and maintain the level in the financial year 2017-18.

Under the new initiatives in tourism sector, the Ministry of Tourism, Government of India, today rolled out two mega projects worth Rs 194.74 crore for development of tourism infrastructure in Jammu and Kashmir.